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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
This is in the Pacific NW if it makes a difference.
As usual, thanks for all the info provided on these boards.
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Looking for mf and residual 2017 ram 1500 hemi laramie crew cab 4x4 short box, 36 mo 15k, zip 11787
Than you
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Looking for May numbers for the following:
36mo/10k and a 36mo/12k lease in New Jersey
2017 1500 Big Horn 4x4 v8 (Quad & Crew)
2017 1500 Sport 4x4 v8 (Quad & Crew)
Thanks!
Big Horn Quad - .00012 and 50%
Big Horn Crew - .00010 and 48%
Sport Quad - .00017 and 47%
Sport Crew - .00047 and 48%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What are your thoughts on these figures for a 2017 Ram 1500 Sport Crew Cab 4x2:
Thanks in advance!
Big Horn Crew Cab 4X4, V8
MSRP $49,340
$0 down (other than 1st month payment, but no other cash down and no trade)
$310/mo for 36 months with 10K miles/year (pre-sales tax)
The payment includes all fees as well like acquisition fee ($295), dealer doc fee ($150) and some state fees like title fee, plate fee, etc. Total fees came to right around $600.
Also no disposition fee at the end of the lease.
$300 and change for a ~$50K vehicle with nothing out of pocket, sounds like a pretty good deal. The MF was out of this world high, but the residual was 57% and + Ally has lease incentive cash, on top of a dealer that was very aggressive in getting rid of the truck which had been sitting on the lot for a while.
I ran the numbers for both Ally and Chrysler Financial (using .0001 MF and 49% residual) and Ally was a much better deal, due to the aggressive lease cash they offered.
Thoughts?
I do confirm the CCAP numbers.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
monthly payment-$497
monthly payment-$516
monthly payment-$534
monthly payment-$433
monthly payment-$446
monthly payment-$470
monthly payment-$440
monthly payment-$452
monthly payment-$474
monthly payment-$436
monthly payment-$446
monthly payment-$467
On the surface this seems high, but I certainly am not sure nor do I know how much better I can reasonably expect.
Then, choose the mileage allowance that you need.
That reduces it to one set of numbers, and then you can ask for the details from the dealer.
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-2017 Ram 1500 Big Horn Crew Cab, Hemi, 4X4
-MSRP $49,580
-$11,000 in rebates, and dealer's lot price is $45,500 (so a lease price of $34,500)
-Residual price of approx $28,300 (after 3 years)
-10,000 miles/ 36 month
-Monthly cost of $360 with $2000 down, $392 with $1000 down, or $423 with 0 down.
I thought the salesperson said a residual of 43%, but that doesn't seem to make sense. (must be 57% ?)
Any clarity on if this is a decent lease or not is appreciated.
It's possible (and likely) that the dealer is using Ally Bank or some other 3rd party lender.
Looks like a good payment, relative to MSRP. Does that include tax?
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Yes, the numbers included tax,title and license.
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Seems like a somewhat high monthly payment for only about $6000 in depreciation. High money factor maybe?
As far as miles, my views on it is get the least amount of miles you think you'll need. Then if you go over, you pay the penalty.
With Ally the penalty is 20 cents a mile. So if you choose 30K miles and end up putting on 36K that's an extra $1200 penalty. Choosing the 36K miles option upfront is about $15/mo more which over 36 months = $576, call it $600 with tax. So basically there is a risk that if you drive 36K miles you will pay an extra $600 in 3 years vs pre-paying it in the lease payment.
So 33K is about the break even point. Drive below that, you win, drive above it, you lose. So I would rather pay less upfront and take the calculated risk that my total will be in the 30-33K range vs pre-pay upfront and hope I drive 33-36k range.
Nothing we can see that seems amiss.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Maybe I'm looking at things wrong but interest shouldn't double the payment...
And also don't forget about the other fees. Acquisition fee. These can range from $200 to $800. Disposition fee. This can be $0 (in my case) and I've seen lease companies charge as high as $700. Excess mileage. Can be 10 cents, can be 20, can be 30. That adds up to a lot f you go over the mileage.
Put all these factors together into a spreadsheet and see what the "total cost of lease ownership" comes to. It's not just the payment. Saving $10/mo on the payment with Option A but having a $600 disposition fee vs Option B is not a good deal, that kind of thing.
($34500 CAP + $28300 residual) X .00300 MF (about 7.2% APR) = $188.40/mo. finance charge
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As far as US Bank goes, the dealer I bought from, offered me a US Bank option and it was close to Ally, but not quite as attractive. Plus the acquisition fee was an extra $200 compared to Ally.
So a finance charge of a $188 a month for $6,200 worth of depreciation - cool sounds good! So how did the original poster of this deal make sense at $423/month with 0 down? Please educate
So a finance charge of a $188 a month for $6,200 worth of depreciation - cool sounds good! So how did the original poster of this deal make sense at $423/month with 0 down? Please educate
Finance charges aren't related to the amount of depreciation. That was one point.
I can't reconcile his numbers, because we don't have all of the variables, and some of what he has been told don't match the numbers given. That's another point.
The rest is just guessing, which was my other point.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00010 MF and 46% residual for 36/15
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Finance charges aren't related to the amount of depreciation. That was one point.
I can't reconcile his numbers, because we don't have all of the variables, and some of what he has been told don't match the numbers given. That's another point.
The rest is just guessing, which was my other point.
Sorry for the late response, the final residual value ended up being around $25,000 not $28,000 which is nice since it didn't really change the monthly payments. We also have a higher chance of buying it now at the end of the lease. The final monthly payment came out to around $400 with $1000 down at 10,000 miles / year. High MF of 7.5% but really good rebates. So a $49,580 MSRP and $25,000 residual value for $400/month for 36 months.
If anyone wants more detailed numbers let me know.
I can't reconcile his numbers, because we don't have all of the variables, and some of what he has been told don't match the numbers given. That's another point.
The rest is just guessing, which was my other point.
Sorry for the late response, the final residual value ended up being around $25,000 not $28,000 which is nice since it didn't really change the monthly payments. We also have a higher chance of buying it now at the end of the lease. The final monthly payment came out to around $400 with $1000 down at 10,000 miles / year. High MF of 7.5% but really good rebates. So a $49,580 MSRP and $25,000 residual value for $400/month for 36 months.
If anyone wants more detailed numbers let me know.
A very solid deal for an almost $50K truck.
Congrats!
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Big Horn 24/36 15k
Laramie 24/36 15k
4x2 or 4x4?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Not trying to argue here but I agree the 188/month is the depreciation. How could the finance cost double that payment though? I would appreciate a breakdown on your math, because to me this doesn't make sense.
4x4 - .00024 and 48% / 46%
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Finance charges aren't related to the amount of depreciation. That was one point.
I can't reconcile his numbers, because we don't have all of the variables, and some of what he has been told don't match the numbers given. That's another point.
The rest is just guessing, which was my other point.
Sorry for the late response, the final residual value ended up being around $25,000 not $28,000 which is nice since it didn't really change the monthly payments. We also have a higher chance of buying it now at the end of the lease. The final monthly payment came out to around $400 with $1000 down at 10,000 miles / year. High MF of 7.5% but really good rebates. So a $49,580 MSRP and $25,000 residual value for $400/month for 36 months.
If anyone wants more detailed numbers let me know.
A very solid deal for an almost $50K truck.
Congrats!
Not trying to argue here but I agree the 188/month is the depreciation. How could the finance cost double that payment though? I would appreciate a breakdown on your math, because to me this doesn't make sense.
No, the $188/mo is the finance charge.
$6200 of depreciation over 36 months is $172/mo
$360/mo plus tax
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